Online advisory space shows notable growth
July 28, 2014 by Emily Holbrook
A not-so-new trend further illustrates growing consumer demand for low-cost, tech-oriented financial services, especially when it comes to younger investors. As the article states, “Gen X and Gen Y investors — some of whom aren’t so young anymore, and are starting to aggregate significant wealth — have grown up on Web-based solutions. They were also witnesses to the financial crisis, and the cynicism of Wall Street it spawned. As consumers, Web-based services save them money on everything from travel to groceries.”
This represents just one reality advisors and agents will need to address as the demographic of their prospects change.
Eleven leading startups in the “fintech” space now have about $15.7 billion in assets under management, up from $11.5 billion in April. View Original Source
Originally Posted at LifeHealthPro on July 28, 2014 by Emily Holbrook.
Categories: Industry Articles
